do you want 2 billion shares on issue when Ancuabe is in production, just so we cant scratch the lithium card?
Or do you want 1.1 billion shares on issue, so that we can make attractive EPS to lift the share price.
Do you want the shares to rise to 30c or 60c ?
A management that loses sight of protecting EPS, when the tangible delivery of a cash cow is near, is one that is in destruction of existing shareholder value, to feather the nests of those the lithium dilution benefits.
Now diversification is ok, but do it when we are milking the cash cow we have worked so hard in our mandate, and the cost of the same acquisition might be 50m shares at 60c.
Never have we mentioned a desire to be diversified into the lithium space.
Thats just clever spin.
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